$ETH
Similar to my $SOL thesis, I’m watching a comparable structure forming on ETH that could offer a solid risk-to-reward short setup. The idea stays invalidated with any lower timeframe acceptance above 2.6k, keeping things clear and defined.
Right now, there’s limited confirmation that this is more than a bear market rally. Price action still mirrors the Nov–Jan phase, suggesting this move could print another lower high on the higher timeframe.
On the daily, $ETH continues to respect the 200 EMA as a key dynamic level, acting as both support and resistance. The plan is to watch for a push above the local high into the 200 EMA, followed by weakening momentum and a clear rejection or breakdown to trigger the short.